Faraday Future's Last Founding Executive Resigns, Plans Emergency Fund For Employees Published on November 01, 2018 at 04:10AM Faraday Future, the startup that is working on a luxury self-driving electric car that looks to rival Tesla, is facing some management and investment issues. All five of the company's "founding executives" have resigned. The latest is Dag Reckhorn, Faraday Future's senior vice president of global manufacturing. "The news comes after investor trouble sparked two wild weeks of layoffs and salary cuts that quickly turned into furloughs and executive departures at the EV startup, and a co-founder calling the company 'effectively insolvent,'" reports The Verge. "Reckhorn said in his email to staff that he is working to establish an emergency fund for employees affected by the furlough." From the report: "I am heartbroken to have to let you know, that I will leave FF effective today," Reckhorn wrote in the...
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